Top Banker Clive Fonseka Appointed as CEO/GM of People's Bank

The Board of Directors of People's Bank is delighted to announce the appointment of Mr. Clive Fonseka as the Chief Executive Officer/General Manager (CEO/GM), effective from August 1st, 2023. He has been functioning as the Acting CEO/GM of the bank since 1st January 2023.  Mr. Fonseka's extensive experience and remarkable achievements in the financial industry make him the ideal candidate to lead People's Bank into the next phase of growth and success.

A veteran in the industry, Mr. Clive Fonseka is a Fellow of the Institute of Bankers of Sri Lanka and holds an MBA from the prestigious Postgraduate Institute of Management at the University of Sri Jayewardenepura. Over the course of his illustrious career spanning 30 years, Mr. Fonseka has demonstrated exceptional expertise in Treasury Management, garnering respect from peers and industry experts alike.

During his tenure as President of the Association of Primary Dealers from 2018 to 2020, Mr. Fonseka showcased outstanding leadership and spearheaded significant contributions to the financial sector. His active involvement in numerous esteemed committees, including the National Payment Council and Financial System Stability Consultative Committee, demonstrates his commitment to the advancement and stability of the financial ecosystem.

Mr. Fonseka's deep understanding of financial markets and benchmark interest rates led to his pivotal role in the Market Working Group on the Domestic Financial Market Infrastructure Development Project at the Central Bank of Sri Lanka (CBSL). His insights and expertise have been invaluable in shaping the country's financial landscape.

Presently, Mr. Fonseka serves as a Non-Independent Non-Executive Director at various esteemed institutions, including People’s Leasing & Finance PLC, People’s Leasing Property Development Limited, and LankaPay (Pvt) Limited, among others. His involvement in these organizations further underscores his commitment to fostering excellence within the industry.

Prior to joining People's Bank in 2002, Mr. Fonseka held senior positions at renowned financial institutions such as American Express Bank and Standard Chartered Bank, showcasing his ability to thrive in diverse and challenging environments.

In his role as Deputy General Manager at People's Bank since November 2011, Mr. Fonseka exhibited exemplary leadership overseeing Foreign Exchange operations, Primary Dealer Unit activities, Investment Banking Unit, and USD and LKR Money Market operations. His astute management of relationships with local and foreign commercial banks and financial institutions significantly contributed to the bank's success.

The Board of Directors is confident that under Mr. Clive Fonseka's guidance as the CEO/GM, People's Bank will continue to strengthen its position as a premier financial institution, offering innovative solutions and unparalleled service to its customers and stakeholders.

People's Bank is one of the largest and most respected banks in Sri Lanka, with the country’s largest branch network of 745 outlets and the largest customer base of 14.7 million. The bank possesses over LKR 3 Trillion in consolidated Assets and over LKR 2.5 Trillion in consolidated deposits. The Banker Magazine (UK), identified People’s Bank as among the Top 1000 Banks in the World.